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• Huge Fire Deals Major Setback for San Jose's Santana Row Development
8/20/02
A major fire yesterday engulfed much of the $500 mil Santana Row mixed-use development, still under construction in San Jose. The upscale 42-acre project, expected to provide a huge economic boost to the region, had been sche...
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• August 20, 2002 - Developer Signs Flavorful Lease in Livermore
8/20/02
KMJT Investments has found tenants for two of four office buildings it has in construction at the Tri-Valley Business Center in Livermore. The two buildings, which are located at Independence Dr and Collier Canyon Rd, total 5...
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• Cal Teachers Nabs Walnut Creek Office Building
8/19/02
CalSTRS (California State Teachers' Retirement System) recently closed a major office investment, having paid about $57 mil for Pacific Plaza, a 249k sf ($229/sf) Class A building at 1340 Treat Blvd, east of the 680 Fwy by Oa...
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• August 19, 2002 - Sales Market Strong in Southern Alameda County
8/19/02
Owner-users, developers and investors all continue to comb the southern end of the I-80 Corridor for attractive opportunities, drawn by the combination of comparatively low price points and a comparatively active leasing mark...
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• August 16, 2002 - Location Tells in Two East Bay Office Sales
8/16/02
What a difference a mile makes. Two Walnut Creek office properties have sold for widely divergent prices, with distance from transit and other businesses the determining factor. Both were bought by local investors. Greenville...
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• Here's an Alert on a Pair of Bay Area Office Properties on the Block
8/16/02
For those of you looking for major office opportunities in the Bay Area, or who follow investment activity in the region, we've got a pair of interesting properties on the block to let you know about, one in San Francisco and...
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• East Bay Credit Union Makes Its Own Real Estate Buy
8/14/02
The sale of a Pleasanton investment property to an owner-user has relieved the East Bay market of a small amount of vacant sublease space. EBTEL Federal Credit Union reportedly has agreed to pay Principal Financial Group of C...
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• August 13, 2002 - Shorenstein Shoring up City Center
8/13/02
After a shaky start, Shorenstein Co's new high-rise at Oakland City Center has begun to fill. The 21-story tower opened in March with a scant 25k sf of its 487k sf accounted for. Subsequent leases have seen tenants take an ad...
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• August 12, 2002 - CB Completes Peninsula Transactions
8/12/02
Acting on behalf of the landlord, the Lees-Grant team at CB Richard Ellis in San Mateo recently completed three Peninsula leasing transactions valued at nearly $1.8 mil. The team consists of James Lees, Tim Grant, Suzanne Mat...
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• August 9, 2002 - How Down Is My Valley
8/09/02
How bad has the Silicon Valley market got? Bad enough that Nortel Networks Ltd sold the main headquarters of its Santa Clara campus for only $65/sf, or just under $24 mil. The 359k sf building on nearly 16 acres sold to Campb...
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• August 8, 2002 - European Investor Buys into S.F.
8/08/02
Fremont Properties, a subsidiary of San Francisco-based Fremont Group, has formed a new partnership to own and operate 199 Fremont, a 29-story office building it completed two years ago in San Francisco's South of Market dist...
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• TDC Puts 623k sf Food Facility on Its Table
8/08/02
Transpacific Development Company (TDC), a Torrance-based full service real estate development, investment and management firm has purchased a 623k sf distribution facility on behalf of Sacramento Foodco Investors LLC, a TDC a...
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• Equity Just Says No to Revised Offer for Industrial Portfolio
8/07/02
Following up on a widely reported story from a few weeks ago, Equity Office Properties will not, as of today, be selling a portfolio of 22 industrial properties to AMB Properties, after the SF-based REIT requested that the ag...
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• College to Develop New Campus Where Sun don't Shine
8/07/02
Flush from the sale of its original Palo Alto headquarters to a Jewish nonprofit, Santa Clara-based Sun Microsystems has sold 81 undeveloped acres in Newark to another non-commercial enterprise, Ohlone College. The price was ...
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• August 6, 2002 - Bishop Makes another Convert
8/06/02
Following Armanino McKenna's deal for 29k sf at Sunset Development Co's Bishop Ranch in San Ramon, another tenant has taken space at the 9 msf business park. ADP Inc signed a 10-year lease for 106k sf in the recently complete...
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• TIG Inks another Commons-Place Deal for Bedford in Napa
8/05/02
In one of Napa County's largest commercial lease agreements for 2002, TIG Specialty Insurance Solutions has signed an 86-month lease for 21.3k sf at Bedford Property Investors' Carneros Commons development in Napa. Owned by T...
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• FreeRun Agrees to a Not-So-Free Lease at Napa Valley Gateway
8/01/02
Basin Street Properties completed a lease for 15k sf with FreeRun Technologies and one for 5.9k sf with Global 2 Inc at the Napa Valley Gateway Business Park in Napa. FreeRun, a Web site design, hosting and marketing company ...
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• July 31, 2002 - Macromedia Donates Office Space to Kidney Foundation
7/31/02
Though it's perhaps not as dramatic as giving a living organ, Macromedia Inc has reached deep into the belly of its San Francisco headquarters and donated a full floor to the local affiliate of the National Kidney Foundation....
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• July 30, 2002 - A
7/29/02
Looking to take advantage of today's low rents, Affymetrix Inc just signed a lease to more than double the size of its main campus in Santa Clara, but it doesn't plan on using the additional space till September 2004. The lea...
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• July 25, 2002 - Mission Launch for New 590k sf Government Project in SOMA
7/25/02
Local and federal officials were celebrating groundbreaking July 18 for a new $141 mil federal building at 7th and Mission streets in San Francisco, across from the 9th U.S. Circuit Court of Appeals. The 18-story, 590k sf bui...
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